Electric Tankless Water Heater in Providence — $1,866/yr to Run (28.4¢/kWh)
Your electric tankless water heater in Providence costs about $155/month at 28.4¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Providence, RI Electricity Rate
28.4¢/kWh
Utility: Rhode Island Energy
+118% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$5.11
18.0 kWh/day
Monthly Cost
$155.49
548 kWh/mo
Annual Cost
$1,866
6,570 kWh/yr
Lifetime (20yr)
$37,318
energy only
Monthly Cost Breakdown in Providence
| Period | kWh | Providence Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 18.0 | $5.11 | $2.34 | +$2.77 |
| Weekly | 126.0 | $35.78 | $16.38 | +$19.40 |
| Monthly | 547.5 | $155.49 | $71.17 | +$84.31 |
| Quarterly | 1642.5 | $466.47 | $213.53 | +$252.94 |
| Annual | 6570.0 | $1865.88 | $854.10 | +$1011.78 |
Customize Your Electric Tankless Water Heater Cost
Adjust usage hours and electricity rate to calculate your exact cost in Providence.
Daily
$5.11
Monthly
$155.49
Annual
$1,866
20-Year
$37,318
Energy Saving Tips for Electric Tankless Water Heater in Providence
- ✓Providence electricity rates are 118% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Tankless Water Heater in Providence saves ~$448/year compared to standard models.
- ✓A smart Electric Tankless Water Heater with scheduling optimization can save ~$280/year at Providence rates.
- ✓Install point-of-use units for remote fixtures
- ✓Size properly for peak demand
- ✓Consider electrical upgrade
ENERGY STAR Savings: Upgrading to an ENERGY STAR Electric Tankless Water Heater in Providence saves approximately $448/year at local rates — $8,956 over the appliance lifetime.
Highest-Cost Appliances in Providence, RI
See which appliances cost the most to run at Providence's 28.4¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$3,681/yr
$306.72/mo
Electric Furnace
HVAC · 10,000W
$2,556/yr
$213.00/mo
EV Charger (Level 2)
Garage · 7,200W
$1,840/yr
$153.36/mo
Boiler (Electric)
HVAC · 6,000W
$1,534/yr
$127.80/mo
Electric Water Heater (Tank)
Water Heating · 4,500W
$1,399/yr
$116.62/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$1,399/yr
$116.62/mo
Heat Pump
HVAC · 2,400W
$1,091/yr
$90.88/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$1,022/yr
$85.20/mo
Electric Tankless Water Heater Cost in Other Rhode Island Cities
Electric Tankless Water Heater Energy Cost FAQ — Providence, RI
Understanding Electric Tankless Water Heater Energy Costs in Providence, RI
Providence is a mid-sized Rhode Island city where residential electricity rates from Rhode Island Energy are shaped by regional energy supply and local demand patterns. Running a high-draw appliance like the Electric Tankless Water Heater (18,000W) at Providence's rate of 28.4¢/kWh costs approximately $1,866 per year — $1012 more than the national average of $854.
Electricity in Providence is significantly more expensive than the national average — 118% higher. For a Electric Tankless Water Heater used 1 hours per day, this rate premium adds up to $1,012 in extra annual costs. Energy-efficient models and usage habits have an outsized impact in high-rate markets like this.
With a cost of living index of 111, Providence is near the national median. The Electric Tankless Water Heater's monthly cost of $155.49 represents a typical share of the average Providence electric bill of $141/month. Upgrading to an ENERGY STAR Electric Tankless Water Heater can cut energy use by up to 24%, saving approximately $448 per year at Providence rates.
Providence's moderate climate (avg 51.9°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Tankless Water Heater produces approximately 2.1 tons of CO2 annually at typical usage. Providence residents can reduce this footprint by choosing an ENERGY STAR certified unit, optimizing usage patterns, or investing in solar — see our solar savings calculator for Providence.
Compare All Energy Costs in Providence
See energy costs for 178+ household appliances at Providence's local electricity rate.
Frequently Asked Questions
How much does it cost to run an Electric Tankless Water Heater in Providence, RI?
At Providence's average electricity rate of 28.4¢/kWh, an Electric Tankless Water Heater costs approximately $1,866 per year to run. That's about $155.49 per month with typical usage of 1 hours per day.
What is the electricity rate in Providence, RI?
The average residential electricity rate in Providence, RI is 28.4¢/kWh, which is 118% above the national average of 13.0¢/kWh. The primary utility provider is Rhode Island Energy.
How much electricity does an Electric Tankless Water Heater use per year?
A Electric Tankless Water Heater uses approximately 18,000 watts and consumes about 6,570 kWh per year with typical usage of 1 hours/day for 365 days/year.
Is an Electric Tankless Water Heater expensive to run in Providence?
Compared to the national average cost of $854/year, running an Electric Tankless Water Heater in Providence costs $1012 more per year due to higher local electricity rates.
How can I reduce my Electric Tankless Water Heater energy cost in Providence?
To reduce Electric Tankless Water Heater costs in Providence: Install point-of-use units for remote fixtures. Size properly for peak demand. Upgrading to an ENERGY STAR model saves up to 24% on energy costs. Also check with Rhode Island Energy for local energy efficiency rebates and programs.